Question

An accounting that deals with the accounting and reporting of information to management regarding the detail information is:

• A. Financial accounting
• B. Management accounting
• C. Cost accounting
• D. Real accounting

Answer 1

The correct option is B Management accounting

Management accounting is an another branch of accounting. management accounting is process of identifying, measuring, analyzing, interpreting and communication the information to the management which are useful to take any business decision.

Management accounting is a very important decision making tool which is used by the management internally.